Q3 2026 13F · SEC CIK 1723681

Affiance Financial, LLC

Wealth managerFiled 2026-10-15 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $700.4M
Reported positions: 110
Top holdings a year, 3 yrs: +14.5%
Assets under management: $1.4B

Affiance Financial, LLC is a wealth manager that reported 110 positions worth $700.4M in its Q3 2026 13F, filed 2026-10-15. Its largest holdings were Vanguard Index Fds (VOO, 19.5%), Ishares Tr (AGG, 13.7%), Vanguard Index Fds (VTI, 13.1%). A portfolio copying its top holdings returned 14.5% a year over the last 3 years, against 20.4% for the S&P 500.

Affiance Financial, LLC holdings largest 50 of 110 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Affiance Financial, LLC 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
VOOVanguard Index Fds	19.5%	19.2%	194,477	-0.0%	$136.3M
AGGIshares Tr	13.7%	14.1%	1,015,110	+2.5%	$96.0M
VTIVanguard Index Fds	13.1%	12.6%	246,026	+3.7%	$92.1M
IEFAIshares Tr	5.9%	5.6%	424,837	+4.9%	$41.2M
VEAVanguard Ftse Developed Markets Index Fu	5.3%	5.3%	521,404	+0.2%	$36.8M
IWFIshares Tr	4.9%	4.7%	274,843	+3.7%	$34.4M
VTVVanguard Index Fds	3.5%	3.4%	112,472	+4.1%	$24.3M
AKREProfesionally Managed Portfo	2.6%	2.8%	345,037	-6.8%	$18.2M
VXFVanguard Index Fds	2.3%	2.5%	69,619	-0.5%	$16.1M
SPEMSpdr Index Shs Fds	1.9%	1.9%	258,481	-1.0%	$13.4M
VWOVanguard Intl Equity Index F	1.8%	1.8%	213,762	+0.6%	$12.7M
IJHIshares Tr	1.7%	1.8%	163,404	-0.3%	$11.8M
AAPLApple Inc	1.6%	1.5%	32,871	-6.9%	$10.9M
BONDPimco ETF Tr	1.5%	1.7%	119,793	-5.6%	$10.4M
CGCPCapital Grp Fixed Incm ETF T	1.1%	1.2%	360,421	-2.5%	$7.6M
CGDVCapital Group Dividend Value	1.1%	1.1%	154,768	+4.0%	$7.6M
IVVIshares Tr	0.9%	0.9%	8,659	-1.4%	$6.6M
IJRIshares Tr	0.9%	1.0%	48,399	+6.7%	$6.6M
MSFTMicrosoft Corp	0.7%	0.6%	10,133	-6.3%	$5.2M
VTVanguard Intl Equity Index F	0.7%	0.8%	32,786	-3.0%	$5.2M
GOOGAlphabet Inc	0.7%	0.7%	13,868	-0.4%	$4.7M
AMZNAmazon Com Inc	0.6%	0.6%	17,388	+4.8%	$4.3M
SPYState Str Spdr S&p 500 ETF T	0.6%	0.6%	5,473	-8.3%	$4.2M
ESGDiShares ESG Aware MSCI EAFE ETF	0.6%	0.6%	40,295	+2.3%	$4.2M
VOVanguard Index Fds	0.6%	0.6%	50,565	+6.3%	$4.0M
EFIVSpdr Series Trust	0.5%	0.5%	45,290	-0.0%	$3.4M
METAMeta Platforms Inc	0.5%	0.4%	4,558	+0.0%	$3.3M
VIGVanguard Specialized Funds	0.5%	0.5%	14,027	+0.4%	$3.3M
GOOGLAlphabet Inc	0.5%	0.5%	9,258	-0.2%	$3.2M
EFGIshares Tr	0.4%	0.4%	23,689	+0.0%	$2.8M
JPMJpmorgan Chase & Co	0.4%	0.4%	8,539	+0.1%	$2.8M
VGTVanguard World Fd	0.4%	0.4%	22,468	+0.1%	$2.8M
BRK-BBerkshire Hathaway Inc Del	0.4%	0.3%	5,648	+36.4%	$2.8M
ESGEiShares ESG Aware MSCI EM ETF	0.4%	0.4%	51,679	+1.6%	$2.8M
QQQInvesco Qqq Tr	0.4%	0.4%	3,634	+1.4%	$2.7M
CGUSCapital Group Core Equity Et	0.3%	0.4%	54,790	-2.2%	$2.4M
VXUSVanguard Star Fds	0.3%	0.3%	25,692	+1.4%	$2.2M
NVDANvidia Corporation	0.3%	0.3%	9,214	-1.8%	$2.1M
UNHUnitedhealth Group Inc	0.3%	0.3%	5,528	-5.1%	$2.0M
IWDIshares Tr	0.3%	0.3%	7,637	-9.0%	$1.9M
WMTWalmart Inc	0.3%	0.3%	16,827	+0.2%	$1.7M
LLYEli Lilly & Co	0.2%	0.2%	1,399	-0.4%	$1.6M
EFAIshares Tr	0.2%	0.2%	15,267	+0.0%	$1.6M
46436E221Ishares Tr	0.2%	0.2%	43,738	+4.3%	$1.6M
XLPSelect Sector Spdr Tr	0.2%	0.2%	19,238	-0.0%	$1.6M
JNJJohnson & Johnson	0.2%	0.2%	5,622	+0.4%	$1.5M
EEMIshares Tr	0.2%	0.2%	22,276	+0.0%	$1.5M
IXCIshares Tr	0.2%	—	23,590	—	$1.3M
MARMarriott Intl Inc New	0.2%	0.2%	3,769	+0.1%	$1.3M
MMM3m Co	0.2%	0.2%	7,985	-20.8%	$1.3M

What Affiance Financial, LLC bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +14.8% /yr; S&P 500 +20.1%
3 years: +14.5% /yr; S&P 500 +20.4%
5 years: +6.6% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$700.4M	110
Q2 2026	$694.8M	110
Q1 2026	$616.6M	105
Q4 2025	$621.3M	104
Q3 2025	$549.2M	104
Q2 2025	$492.2M	103
Q1 2025	$429.3M	101
Q4 2024	$418.1M	102
Q3 2024	$412.0M	98
Q2 2024	$383.2M	96
Q1 2024	$369.1M	95
Q4 2023	$343.5M	95

Questions about Affiance Financial, LLC's portfolio

What stocks does Affiance Financial, LLC own?

Affiance Financial, LLC's latest 13F, for Q3 2026 and filed Oct 15, 2026, lists 110 positions worth $700.4M. The largest are Vanguard Index Fds (VOO) at 19.5%, Ishares Tr (AGG) at 13.7%, Vanguard Index Fds (VTI) at 13.1%, Ishares Tr (IEFA) at 5.9% and Vanguard Ftse Developed Markets Index Fu (VEA) at 5.3%.

What did Affiance Financial, LLC buy last quarter?

In Q3 2026, Affiance Financial, LLC added Berkshire Hathaway Inc Del (BRK-B) (+36.4% shares), Ishares Tr (IJR) (+6.7% shares) and Vanguard Index Fds (VO) (+6.3% shares), compared with its Q2 2026 filing.

What did Affiance Financial, LLC sell last quarter?

In Q3 2026, Affiance Financial, LLC cut from its top 50 Ishares Tr (XJH), 3m Co (MMM) (-20.8% shares), Ishares Tr (IWD) (-9.0% shares) and State Str Spdr S&p 500 ETF T (SPY) (-8.3% shares), compared with its Q2 2026 filing.

How has Affiance Financial, LLC's portfolio performed?

A portfolio copying Affiance Financial, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +14.5% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +14.8% against +20.1%. Over 5 years: +6.6% a year against +11.6%.

When is Affiance Financial, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Affiance Financial, LLC's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Affiance Financial, LLC manage?

Affiance Financial, LLC reported $1.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $700.4M.